Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December, even as downside risks dominate on both economic growth and inflation. The comments come shortly after the ECB delivered back-to-back interest rate cuts for the first time in 13 years at its October meeting. … Read more
The ECB said Thursday it would take future cuts meeting by meeting depending on incoming information about the economy. It is the second rate cut as the bank starts to withdraw some of the swift rate increases it imposed to snuff out a burst of double-digit inflation that broke out after Russia cut off most … Read more
With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves. After raising rates at a record pace from mid-2022 to tackle surging consumer prices, the ECB has begun to ease the pressure as inflation … Read more
The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower borrowing costs as inflation recedes following years of rate hikes. The first ECB rate cut in nearly five years takes the benchmark rate in the 20 countries that use the euro down to 3.75% … Read more
European Central Bank president Christine Lagarde gestures as she addresses a news conference following the ECB’s monetary policy meeting in Frankfurt, Germany, on June 6, 2024. | Photo Credit: Reuters The European Central Bank cut interest rates for the first time in five years on June 6 but kept investors in the dark about its … Read more
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to ECB policymaker François Villeroy de Galhau. “The question is the next Governing Council which will be early June … and here barring a major surprise we should cut rates because we are now confident enough and … Read more
European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices “very closely” amid elevated fears of a spillover conflict in the Middle East. However, since Iran’s unprecedented air attack … Read more
The Federal Reserve Building stands in Washington. Joshua Roberts | Reuters The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations. “I suspect that the Fed will be the first to really put a cut in,” … Read more
People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Denis Balibouse | Reuters The potential for generative artificial intelligence, when interest rates might be cut, and the ongoing wars in Ukraine and the Gaza Strip were key topics at the World Economic Forum in Davos, Switzerland this … Read more
President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024. Fabrice Coffrini | Afp | Getty Images European Central Bank President Christine Lagarde said she does not expect a return to economic “normality” in 2024, … Read more
